The Department for International Tax Cooperation (DITC) is following Cayman Islands Government policy and activating its business continuity plan during the coronavirus (COVID-19) pandemic. As a result, the DITC expects to maintain its operational frameworks and international obligations. Confidentiality and data safeguards remain critical for DITC functions and strict security measures will continue to apply …
The Ministry of Financial Services is instituting its business continuity plan to minimise staff risk and maintain the confidence of the financial services industry in the midst of the coronavirus (COVID-19) pandemic. In accordance with wider Cayman Islands Government policy, the Ministry is utilising remote working capabilities and a shift-based approach to working hours for …
Ministry Maintains Functionality During COVID-19 Pandemic Read More »
George Town, Cayman Islands, 11 March 2020 – The CFA Society Cayman Islands (“CFASCI”) and Cayman Islands Institute of Professional Accountants (CIIPA), hosted the first ever Corporate Ethics Challenge. The Challenge is a global initiative which has been carried out at the University and Secondary-school levels, but this was a first for corporate teams. “We …
CFA Society and CIIPA Host Inaugural Corporate Ethics Challenge Read More »
Maples and Calder, the Maples Group’s law firm, is pleased to announce the appointment of two of its Caymanian lawyers to Of Counsel within its Cayman Islands office. The newly promoted Of Counsel are Maxine Bodden, a member of the Trusts & Private Client team, and Stephen Watler, a member of the Funds & Investment …
Maples Group Appoints Two Caymanian Lawyers to Of Counsel Read More »
Leading legal and governance services firm, Mourant, has appointed Aaron Walker as Managing Director of Mourant Governance Services in the Cayman Islands. Mourant Governance Services delivers a comprehensive range of fiduciary, administration, accounting and governance services through a dedicated team of more than 90 experienced professionals in the Cayman Islands, Guernsey, Hong Kong, Jersey and …
Mourant Governance Services Announces New Managing Director Read More »
The Department for International Tax Cooperation (DITC) advises industry that the Amendments to the CRS & FATCA Regulations were approved by Cabinet on 18 February 2020 and take immediate effect: 1. Tax Information Authority (International Tax Compliance) (Common Reporting Standard) (Amendment) Regulations, 2020 2. Tax Information Authority (International Tax Compliance) (United States of America) (Amendment) …
CRS and FATCA Amendment Regulations, CRS Reportable Jurisdictions Now Available Read More »
From International Investment by Monique Melis and Malin Nilsson. As one member of the European parliament put it: “This sends a clear signal that the idea of turning the UK into a tax haven will not be acceptable to the EU.” In other words, the EU would not make any move to turn London into Singapore-on-Thames …
Comment: Is there more to the EU’s tax haven blacklist than meets the eye? Read More »
Higgs & Johnson has been ranked in the Cayman Islands in the area of Real Estate by Chambers and Partners in its annual publication Chambers Global (2020) with clients praising their ‘first-class turnaround time.’ The Guide, who identifies the best law firms globally, noted that the firm is a ‘well-known group offering advice to private clients, developers and …
Higgs & Johnson Real Estate Group an ‘Excellent Team’ according to Chambers Global Read More »
The Financial Reporting Authority (FRA) has published the attached “Guidance Identifying Proliferation Financing (PF)”. This guidance issued in an effort to assist reporting authorities in identifying PF and to comply with TFS obligations in relation to PF.
The Financial Reporting Authority (FRA) has published the attached “Guidance on Preparing and Submitting High Quality Suspicious Activity Reports”. The purpose of this Guidance is to inform and sensitize reporting entities to the importance of preparing and submitting high quality SARs to the FRA.